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    #3002
    errlloyd
    Registered Users Posts: 12,603 ✭✭✭✭errlloyd


    Deleted User wrote: »
    Really? I was under the impression there was two for income tax

    His location is Geneva.

    0 17,663 0.00
    17,664 21,281 8.00
    21,282 23,409 9.00
    23,410 25,537 10.00
    25,538 27,665 11.00
    27,666 32,985 12.00
    32,986 37,241 13.00
    37,242 41,498 14.00
    41,499 45,754 14.50
    45,755 73,420 15.00
    73,421 120,238 15.50
    120,239 161,736 16.00
    161,737 183,017 16.50
    183,018 261,757 17.00
    261,758 278,782 17.50
    278,783 392,636 18.00
    392,637 615,022 18.50
    More than 615,022 19.00


  • Options
    #3003
    dregin
    Moderators, Music Moderators Posts: 6,524 Mod ✭✭✭✭dregin


    errlloyd wrote: »
    His location is Geneva.

    0 17,663 0.00
    17,664 21,281 8.00
    21,282 23,409 9.00
    23,410 25,537 10.00
    25,538 27,665 11.00
    27,666 32,985 12.00
    32,986 37,241 13.00
    37,242 41,498 14.00
    41,499 45,754 14.50
    45,755 73,420 15.00
    73,421 120,238 15.50
    120,239 161,736 16.00
    161,737 183,017 16.50
    183,018 261,757 17.00
    261,758 278,782 17.50
    278,783 392,636 18.00
    392,637 615,022 18.50
    More than 615,022 19.00

    What I'm reading from that is that the *real* problem in Ireland is that we don't have enough facilities for secretive, tax dodging, bank accounts.


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    #3004
    Podge_irl
    Moderators, Sports Moderators Posts: 25,704 Mod ✭✭✭✭Podge_irl


    errlloyd wrote: »
    His location is Geneva.

    0 17,663 0.00
    17,664 21,281 8.00
    21,282 23,409 9.00
    23,410 25,537 10.00
    25,538 27,665 11.00
    27,666 32,985 12.00
    32,986 37,241 13.00
    37,242 41,498 14.00
    41,499 45,754 14.50
    45,755 73,420 15.00
    73,421 120,238 15.50
    120,239 161,736 16.00
    161,737 183,017 16.50
    183,018 261,757 17.00
    261,758 278,782 17.50
    278,783 392,636 18.00
    392,637 615,022 18.50
    More than 615,022 19.00

    I do love a good table.

    That's actually a simplified version of it. One downside is that it is not tax bands as we know them, when you move up a level your entire salary is taxed at the new level. It is possible to get a small raise and end up with less money. But that may be a uniquely genevois thing, the tax system is complicated here in terms of municipal/cantonal/federal taxes.

    The two tax bands in Ireland are certainly ludicrous though. People should ease into the tax system more softly so that almost no one is outside it and the ramp up to max level is waaaaay too early.


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    #3005
    Stheno
    Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 51,687 Mod ✭✭✭✭Stheno


    Podge_irl wrote: »
    I do love a good table.

    That's actually a simplified version of it. One downside is that it is not tax bands as we know them, when you move up a level your entire salary is taxed at the new level. It is possible to get a small raise and end up with less money. But that may be a uniquely genevois thing, the tax system is complicated here in terms of municipal/cantonal/federal taxes.

    The two tax bands in Ireland are certainly ludicrous though. People should ease into the tax system more softly so that almost no one is outside it and the ramp up to max level is waaaaay too early.

    fook im moving to Geneva

    how's the It market there Podge?


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    #3006
    Neil3030
    Registered Users Posts: 17,024 ✭✭✭✭Neil3030


    It's taken me about 8 months to get my head around the US tax system, this is probably the simplest way to explain it:

    chalkboards.jpg


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    #3007
    DGRulz
    Registered Users Posts: 1,231 ✭✭✭DGRulz


    Tax system definitely needs changing. When I got my rise this year I went about 6k over the higher threshold but because I'm not earning 'enough' over the threshold I get murdered by tax and what was a significant raise isn't a whole lot in net pay.


  • Options
    #3008
    Neil3030
    Registered Users Posts: 17,024 ✭✭✭✭Neil3030


    swiwi_ wrote: »
    https://www.irishtimes.com/business/economy/budget-2019-government-could-raise-over-430m-with-new-income-tax-rate-1.3602449

    And there is the problem with Ireland. Too much tax and charges. Government should incentivise people to work hard and be better off, not tax them more, in effect penalise people for getting themselves qualified and be successful. I find government in Ireland lacking innovation and tending to take intellectually lazy options.

    I doubt anyone in an Irish secondary school or third level institution is second guessing their career path because of the nature of Ireland's maximum tax bracket. The impact comes later, I'd argue; people already qualified with ~10 years experience, moving into the upper echelons of their discipline and seeing the relatively reduced incentive. We hemorrhage people in that sweet spot of young enough to work long hard hours, but old enough to apply good experience, to countries like the U.S.


  • Options
    #3009
    Squidgy Black
    Registered Users Posts: 21,609 ✭✭✭✭Squidgy Black


    Paul Manafort (Trump's former campaign manager) was found guilty on counts of tax fraud and bank fraud.

    His ex-lawyer Cohen struck a plea deal admitting tax evasion, bank fraud, and that he was "directed by a candidate for federal office to break federal election laws".

    And so it begins.....


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    #3010
    bilston
    Registered Users Posts: 17,758 ✭✭✭✭bilston


    Squidgy Black wrote: »
    Paul Manafort (Trump's former campaign manager) was found guilty on counts of tax fraud and bank fraud.

    His ex-lawyer Cohen struck a plea deal admitting tax evasion, bank fraud, and that he was "directed by a candidate for federal office to break federal election laws".

    And so it begins.....

    He alleges Trump paid hush money to cover up influencing the election.

    The mid terms will be fascinating, if the Dems win control of both houses then Trump could be in serious trouble.


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    #3011
    Podge_irl
    Moderators, Sports Moderators Posts: 25,704 Mod ✭✭✭✭Podge_irl


    bilston wrote: »
    He alleges Trump paid hush money to cover up influencing the election.

    The mid terms will be fascinating, if the Dems win control of both houses then Trump could be in serious trouble.

    They won't win the Senate and even then they need 2/3 of it to impeach him.

    He wouldn't get any legislation through but then, that wouldn't really be a change from today.


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    #3012
    Buer
    Registered Users Posts: 24,191 ✭✭✭✭Buer


    Podge_irl wrote: »
    They won't win the Senate and even then they need 2/3 of it to impeach him.

    He wouldn't get any legislation through but then, that wouldn't really be a change from today.

    This.

    Things may get bad for him but he's almost halfway through his term. He's going nowhere. The only potential outcome in terms of his presidency is that he steps aside at the end of this term and doesn't run again. The fact that there have been no crimes committed whilst in office (yet) is also going to greatly diminish the likelihood of any impeachment.

    The Republicans hold both houses with a majority required in the HoR and then 2/3 in the senate for impeachment to go through. Before it even goes to the HoR for a vote, yhe Judiciary Committee need to determine whether there are grounds for the vote. The committee needs a majority to put it forward and is split evenly between Republicans and Democrats and contains such forward thinking men as Ted Cruz on the Republican side so there's no guarantee they wouldn't close ranks and kill the process at the outset.

    As it stands, I reckon the Democrats will just want to damage the Republican party as much as possible with the investigation and win the houses/power back while playing the long game for 2020 and 2024. I doubt any member will even bring a motion to commence impeachment to the Judiciary Committee.


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    #3013
    dregin
    Moderators, Music Moderators Posts: 6,524 Mod ✭✭✭✭dregin


    Just went sale agreed on a house in Dublin and need a structural engineer to take a gawk. Not got any concerns myself, but just want the house given the usual once over from a pro.

    Any recommendations?


  • Options
    #3014
    mfceiling
    Registered Users Posts: 12,789 ✭✭✭✭mfceiling


    dregin wrote: »
    Just went sale agreed on a house in Dublin and need a structural engineer to take a gawk. Not got any concerns myself, but just want the house given the usual once over from a pro.

    Any recommendations?

    Drop Sydthebeat a pm here....that's towards his industry and I'm sure he could (hopefully) point you in the right direction.


  • Options
    #3015
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Podge_irl wrote: »
    They won't win the Senate and even then they need 2/3 of it to impeach him.

    He wouldn't get any legislation through but then, that wouldn't really be a change from today.
    Buer wrote: »
    This.

    Things may get bad for him but he's almost halfway through his term. He's going nowhere. The only potential outcome in terms of his presidency is that he steps aside at the end of this term and doesn't run again. The fact that there have been no crimes committed whilst in office (yet) is also going to greatly diminish the likelihood of any impeachment.

    The Republicans hold both houses with a majority required in the HoR and then 2/3 in the senate for impeachment to go through. Before it even goes to the HoR for a vote, yhe Judiciary Committee need to determine whether there are grounds for the vote. The committee needs a majority to put it forward and is split evenly between Republicans and Democrats and contains such forward thinking men as Ted Cruz on the Republican side so there's no guarantee they wouldn't close ranks and kill the process at the outset.

    As it stands, I reckon the Democrats will just want to damage the Republican party as much as possible with the investigation and win the houses/power back while playing the long game for 2020 and 2024. I doubt any member will even bring a motion to commence impeachment to the Judiciary Committee.

    If child detention didn't bring down the house of cards then nothing will. That should have been the end of Trump and politics but the charade plays on. I'd be incredibly disillusioned if something like that happened in Ireland, but even more so if millions didn't immediately march on the Dail to demand it stopped.


  • Options
    #3016
    Zzippy
    Moderators, Sports Moderators Posts: 14,166 Mod ✭✭✭✭Zzippy


    Deleted User wrote: »
    Most of what I get back comes from being jointly assessed but there are other incidentals that stack up. The first year I had it done I had to back account for 3 or so years and it was several holidays worth of tax back.

    Are you PAYE or self-employed? Is it worth it for a PAYE worker to get an accountant?
    Also, the mrs has mentioned being jointly assessed as she will be off on maternity leave again soon, but tbh we haven't a clue how it would affect our finances, if at all. Both on similar salaries at same tax bracket.


  • Options
    #3017
    Synode
    Closed Accounts Posts: 7,967 ✭✭✭Synode


    Zzippy wrote: »
    Are you PAYE or self-employed? Is it worth it for a PAYE worker to get an accountant?
    Also, the mrs has mentioned being jointly assessed as she will be off on maternity leave again soon, but tbh we haven't a clue how it would affect our finances, if at all. Both on similar salaries at same tax bracket.

    No need for an accountant. Ring Revenue and ask to be jointly assessed. You should also ask for P21 balancing statements for each of the last 4 years. You might be due tax back


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    #3018
    errlloyd
    Registered Users Posts: 12,603 ✭✭✭✭errlloyd


    Synode wrote: »
    You should also ask for P21 balancing statements for each of the last 4 years. You might be due tax back

    But you might also owe tax.


  • Options
    #3019
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Zzippy wrote: »
    Are you PAYE or self-employed? Is it worth it for a PAYE worker to get an accountant?
    Also, the mrs has mentioned being jointly assessed as she will be off on maternity leave again soon, but tbh we haven't a clue how it would affect our finances, if at all. Both on similar salaries at same tax bracket.

    I'm employed through my own business so the company pays for the accountants to do it. You need to be jointly assessed but I'm not sure if they calculate any overpayments.

    When your misses goes on mat leave if she stops earning at the same level then you will get her tax credits. Also if she has been on mat leave the last 3 years upto the start of this year then you can claim from then also.

    There are companies that specialise in reclaiming lost tax so maybe worth a look.


  • Options
    #3020
    Buer
    Registered Users Posts: 24,191 ✭✭✭✭Buer


    Synode wrote: »
    No need for an accountant. Ring Revenue and ask to be jointly assessed. You should also ask for P21 balancing statements for each of the last 4 years. You might be due tax back

    Can all be done through MyAccount online. Just needs to submit Form 12 to change personal details and arrange for a joint assessment.
    But you might also owe tax.

    Yup. I claimed back medical expenses about 18 months ago. This prompted Revenue to review my taxes and turned out that there was an error with my credits. This led to my claim being nullified and actually costing me several hundred.


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    #3021
    mfceiling
    Registered Users Posts: 12,789 ✭✭✭✭mfceiling


    Buer wrote: »



    Yup. I claimed back medical expenses about 18 months ago. This prompted Revenue to review my taxes and turned out that there was an error with my credits. This led to my claim being nullified and actually costing me several hundred.

    Same...wife sent in a claim for medical expenses and got back 200 odd quid. I received a bill for 1600 the following week. When I queried it they said there was an imbalance and I now owed them.


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    #3022
    Synode
    Closed Accounts Posts: 7,967 ✭✭✭Synode


    One of the main reasons people get a bill is if they were given the PAYE credit in error (they became self employed). That and if their employers made a mess of payroll. Most people will be due refunds. It's easy enough to calculate yourself if you've overpaid or underpaid before contacting them


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    #3023
    pickarooney
    Moderators, Arts Moderators Posts: 35,210 Mod ✭✭✭✭pickarooney


    Zzippy wrote: »
    Are you PAYE or self-employed? Is it worth it for a PAYE worker to get an accountant?
    Also, the mrs has mentioned being jointly assessed as she will be off on maternity leave again soon, but tbh we haven't a clue how it would affect our finances, if at all. Both on similar salaries at same tax bracket.

    Youse pair of masochists! Congrats :)


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    #3024
    swiwi_
    Registered Users Posts: 4,484 ✭✭✭swiwi_


    pickarooney wrote: »
    Youse pair of masochists! Congrats :)

    Zzippy seems to score more often than Connacht in any case.


  • Options
    #3025
    Dubinusa
    Registered Users Posts: 8,230 ✭✭✭Dubinusa


    All this taxation talk is making me ...ill


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    #3026
    Zzippy
    Moderators, Sports Moderators Posts: 14,166 Mod ✭✭✭✭Zzippy


    swiwi_ wrote: »
    Zzippy seems to score more often than Connacht in any case.

    It's all about the practice... ;)


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    #3027
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Got my P21's for the past few years through revenue.ie, hoping for a bit of a windfall maybe? Nope, I owe 1200.

    This is all your fault.


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    #3028
    irishbucsfan
    Registered Users Posts: 37,978 ✭✭✭✭irishbucsfan


    Venjur will cover that for you


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    #3029
    Synode
    Closed Accounts Posts: 7,967 ✭✭✭Synode


    [Deleted User] wrote: »
    Got my P21's for the past few years through revenue.ie, hoping for a bit of a windfall maybe? Nope, I owe 1200.

    This is all your fault.

    Any idea why? Were you given incorrect tax credits in the year(s) in question?


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    #3030
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Synode wrote: »
    Any idea why? Were you given incorrect tax credits in the year(s) in question?


    Its unpaid USC. Tax credit says I was exempt from paying USC in 2016 as I allegedly got paid less than 13k, but I did get paid more than 13k, hence I owe all that USC. They mistakenly didn't charge me USC in 2016. Comes out of my tax credit for next year. But I was also owed 400 for reasons I've yet to figure out so its slightly offset.


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    #3031
    Neil3030
    Registered Users Posts: 17,024 ✭✭✭✭Neil3030


    This interview is great, very clearly (and bleakly) explains how f**ked the UK will be if they leave the EU without a deal, and why:

    https://soundcloud.com/bbcradiokent/nodealbrexit-heated-debate

    That Jason J Hunter guy is one to watch; you'll see him on major panel discussions before long: https://twitter.com/JasonJHunter

    P.S., lol at the awkward silence at 8:40. Completely obliterated the Brexiteer guy.


This discussion has been closed.
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